AeroVironment (NASDAQ:AVAV) Posts Earnings Results, Misses Expectations By $0.29 EPS

AeroVironment (NASDAQ:AVAV) posted its quarterly earnings data on Wednesday. The aerospace company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.29), Briefing.com reports. The firm had revenue of $188.46 million for the quarter, compared to analysts’ expectations of $181.80 million. AeroVironment had a net margin of 7.82% and a return on equity of 9.87%. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.97 EPS. AeroVironment updated its FY25 guidance to $3.18-3.49 EPS.

AeroVironment Stock Up 2.0 %

NASDAQ:AVAV traded up $3.79 on Wednesday, hitting $196.89. 669,499 shares of the company’s stock traded hands, compared to its average volume of 342,535. The company has a current ratio of 4.26, a quick ratio of 3.04 and a debt-to-equity ratio of 0.01. AeroVironment has a 1 year low of $116.51 and a 1 year high of $236.60. The firm has a 50-day moving average price of $208.78 and a 200-day moving average price of $194.35. The company has a market cap of $5.55 billion, a PE ratio of 90.66 and a beta of 0.45.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Royal Bank of Canada decreased their price target on shares of AeroVironment from $230.00 to $215.00 and set an “outperform” rating for the company in a research report on Thursday, September 5th. Jefferies Financial Group raised shares of AeroVironment from a “hold” rating to a “buy” rating and decreased their price target for the stock from $240.00 to $230.00 in a research report on Wednesday, November 20th. Raymond James downgraded shares of AeroVironment from an “outperform” rating to a “market perform” rating in a research report on Monday, September 16th. BTIG Research reaffirmed a “buy” rating and issued a $245.00 price objective on shares of AeroVironment in a report on Tuesday, September 17th. Finally, Alembic Global Advisors raised shares of AeroVironment from a “neutral” rating to an “overweight” rating and set a $216.00 price objective for the company in a report on Wednesday, August 28th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $211.83.

Insider Buying and Selling at AeroVironment

In other AeroVironment news, CFO Kevin Patrick Mcdonnell sold 508 shares of AeroVironment stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $216.65, for a total transaction of $110,058.20. Following the transaction, the chief financial officer now owns 16,868 shares of the company’s stock, valued at $3,654,452.20. The trade was a 2.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have sold a total of 1,782 shares of company stock valued at $373,609 in the last 90 days. 1.27% of the stock is currently owned by corporate insiders.

About AeroVironment

AeroVironment, Inc designs, develops, produces, delivers, and supports a portfolio of robotic systems and related services for government agencies and businesses in the United States and internationally. It operates through Small Unmanned Aircraft Systems (SUAS), Tactical Missile System (TMS), Medium Unmanned Aircraft Systems (MUAS), and High Altitude Pseudo-Satellite Systems (HAPS) segments.